class: middle, center, title-slide-background background-size: contain <center> <img src = "data:image/png;base64,#gba_title.jpg" width = "100.5%"/> </center> --- class: animated slideInRight fadeOutLeft ##Executive summary - <span style="font-size: 22px;"> <strong> Gender gaps, amongst both minority and white Canadians in the labour force have been tightening </strong> since the pandemic, but wage disparities persist. - <span style="font-size: 22px;"> Canadian <strong>women in all minority groups have increased educational attainment</strong>, but this has not translated into a higher rate of innovative activities such as inventions, entrepreneurship, and firm ownership. - <span style="font-size: 22px;"> Public policies such as the <strong>10$/day child-care benefit have had a positive impact on participation rates </strong>for Canadian women with small children. <div class="subpoints" style="position: absolute; top: 0; left: 0; width: 100%; padding: 10px; background-color: #CFECF5; text-align: center;"> <span class="small-font"> Economy</span> <span class="small-font" style="margin-left: 100px;">Demography</span> <span class="small-font" style="margin-left: 100px;">Standard of Living</span> </div> --- class: animated slideInRight fadeOutLeft ##Annual Report <strong>Objective:</strong> To provide a comprehensive assessment of Canada’s past economic performance,outcomes and trends across diverse social groups in inform ISED’s mandate and goals. <span style="font-size: 22px;"> ![:col_header Key points, Takeaways, Driving action] ![:col_list Baseline assessment of Canada’s Economic landscape, Align findings with ISED’s mandate and strategic priorities , Catalyst for evidence based policy formulation] ![:col_list Analysis of economic outcomes and trends for various social groups,Translate insights into actionable recommendations , Facilitate stakeholder collaboration and engagement] ![:col_list Data driven insights to drive informed decision making, Empower decision makers for inclusive economic growth, ] By providing a comprehensive baseline assessment of Canada’s past economic performance and leveraging this analysis to develop substantive insights and strategic takeaways aligned. With ISED’s mandate, the annual report serves as a cornerstone for informed decision-making and meaningful action, ensuring that ISED remains at the forefront of driving inclusive and sustainable economic development in an evolving economy <div class="subpoints" style="position: absolute; top: 0; left: 0; width: 100%; padding: 10px; background-color: #CFECF5; text-align: center;"> <span class="small-font"> Economy</span> <span class="small-font" style="margin-left: 100px;">Demography</span> <span class="small-font" style="margin-left: 100px;">Standard of Living</span> </div> --- class: animated slideInRight fadeOutLeft <center> <img src = "data:image/png;base64,#gba_deepdive.jpg" width = "100%"/> </center> --- class: animated slideInRight fadeOutLeft ### Canada's economic growth has outpaced most of its G7 counterparts since 2020 <center>
</center> --- class: animated slideInRight fadeOutLeft ### Despite progress in narrowing the gender labour gap over time, significant disparities in wages persist. .pull-left[.full-width[.content-box-blue[<svg viewBox="0 0 448 512" style="height:1em;position:relative;display:inline-block;top:.1em;" xmlns="http://www.w3.org/2000/svg"> <path d="M439.39 362.29c-19.32-20.76-55.47-51.99-55.47-154.29 0-77.7-54.48-139.9-127.94-155.16V32c0-17.67-14.32-32-31.98-32s-31.98 14.33-31.98 32v20.84C118.56 68.1 64.08 130.3 64.08 208c0 102.3-36.15 133.53-55.47 154.29-6 6.45-8.66 14.16-8.61 21.71.11 16.4 12.98 32 32.1 32h383.8c19.12 0 32-15.6 32.1-32 .05-7.55-2.61-15.27-8.61-21.71zM67.53 368c21.22-27.97 44.42-74.33 44.53-159.42 0-.2-.06-.38-.06-.58 0-61.86 50.14-112 112-112s112 50.14 112 112c0 .2-.06.38-.06.58.11 85.1 23.31 131.46 44.53 159.42H67.53zM224 512c35.32 0 63.97-28.65 63.97-64H160.03c0 35.35 28.65 64 63.97 64z"></path></svg> There remains a nearly <strong>8pp disparity </strong>between working-age men and women’s participation rates.]]]
--- ### Women and Canada's Gross Domestic Product: A Growing Contribution <center> From 2008 to 2018, the contribution of women to Canada’s gross domestic product (GDP) rose 2.8%pp to 28.5%, while the contribution of men edged up 0.5pp to 49.2%. </center> .pull-left[
] .pull-right[
] --- ### Male-owned firms exhibit a higher propensity to allocate resources towards research and development (R&D) as well as patents. .pull-left[ - <span style="font-size: 17px;"> The gender gap in terms of firm ownership was disproportionately higher among the Black population, but continues to be significant other minority groups.
] .pull-right[ - <span style="font-size: 17px;"> Men-owned businesses were 16.5 percentage points more likely to have conducted R&D, and, conditional on conducting R&D, spent 70% more.
] --- ### A GBA Plus review of Canada’s Self-employment and Entrepreneurial Activities .pull-left[ <span style="font-size: 17px;"> <center><strong> Entrepreneurship in Canada </strong></center> - <span style="font-size: 17px;"> Entrepreneurial activity is a key driver of the Canadian economy, and helps drive innovation, productivity, job creation, and foster competition and economic growth across the country. - <span style="font-size: 17px;"> Entrepreneurs are also key to offering positive social benefits to Canadian society; immigrants are more likely to be self-employed than non-immigrant counterparts and some target their communities with entrepreneurial goods and services. ] .pull-right[ <span style="font-size: 17px;"> <center><strong> GBA+ Lens: Self-Employment and Entrepreneurship</strong></center> - <span style="font-size: 17px;"> Self-employed women are less likely to have employees than men (19% vs. 32% in 2022)., and women are less likely to be an entrepreneur (have an incorporated business) than men. - <span style="font-size: 17px;"> Overall, the entrepreneurial gender gap is decreasing. There is an increasing number of women entrepreneurs; however, Canada lags behind the United States. - <span style="font-size: 17px;"> Most black (with the exception of Black women) and racialized business owners are immigrants; both Black and racialized immigrants seek out entrepreneurial opportunities due to challenges in securing employment. - <span style="font-size: 17px;"> Entrepreneurship remains a challenging business opportunity for women, Black and racialized Canadians who face systemic barriers that hinder business opportunities. ] --- <center> <img src = "data:image/png;base64,#gba_annex.jpg" width = "100%"/> </center> --- ##Women in Senior management positions in Canadian Firms .pull-left[
] .pull-right[
] --- ##Small-Medium Sized Firm Ownership <center>
</center> --- ##Larger firms are more likely to innovate <center>
</center>